LNG

The Australian state of Victoria has delayed an LNG regasification project planned by AGL Energy to end energy shortages because the Labor-run government has ordered a full environmental assessment of the venture ahead of November elections.

AGL Energy of Australia said it signed two agreements in relation to its proposed liquefied natural gas import jetty planned for Crib Point in the state of Victoria, one of two regasification projects planned for the southeast of the country to underpin gas supplies.